Word: funds
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Dates: during 1990-1999
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...runs Soulforce, an ecumenical gay group. White and Falwell used to be pals; White, a former filmmaker and writer for conservative causes, ghostwrote Falwell's autobiography. But they lost touch after December 1991, when White, tired of fighting his true nature and incensed by one of Falwell's fund-raising pitches, came out to Falwell. Within two years, White was working full time for gay causes, blasting Falwell and other conservatives...
That's a bigger number than I would have figured, but it squares with another ICI study several weeks ago that shows that 77% of stock-fund holders buy and sell through some sort of advice filter. Individuals now have enough wealth at stake so that it seems they are less inclined to go it alone. That may mean Merrill Lynch, down 30% from its high last April, is a better bargain than E-Trade, down 68%. Merrill is in the advice biz, which may have value after all, especially if the market continues to churn...
...That's laughable," says Louis Slesin, editor of Microwave News, who has followed the flap since it broke in 1993. "When Carlo's research money ran out, they weren't going to fund more studies. Suddenly, he has this civic responsibility to tell the 'truth' about findings that go against the interests of those who hired...
Still, it's not likely to stop them from ponying up next time a McCain fund raiser calls. And their contributions will keep the McCain contradiction afloat, giving him resources to keep rising in the polls by railing against the system...
...installment plan. Starting in mid-November, even the smallest investors will be able to buy partial shares of some 300 heavily traded stocks on Sharebuilder.com With no minimum required to open an account or make a trade, this site is geared for beginners--i.e., mutual-fund investors curious about stock picking or kids just cracking open their piggy banks--and charges only $2 a purchase ($1 for kids) and $20 a sale...